The International Renewable Energy Agency (IRENA) and the Global Wind Energy Council (GWEC) have united their efforts aimed at increasing the adoption and deployment of wind and renewables worldwide.
The cooperation agreement was signed by IRENA director-general Francesco La Camera (pictured) and GWEC chief executive Ben Backwell on the occasion of the Race to Zero Dialogues, a programme to accelerate progress by governments, industry and other key stakeholders to meet the Paris Agreement.
A Paris-compliant future by 2050 requires transformative changes to policy, behaviour and international cooperation, stated IRENA’s Global Renewables Outlook report.
Around a third of all new renewable power capacity added in 2019 was from wind power and IRENA data suggests solar and wind will dominate future capacity growth.
“Wind energy is a cornerstone of the global energy transformation and with evolving technologies and a strengthening economic case, it will continue to support the world’s low-carbon growth agenda through to mid-century,” said La Camera.
“By blending the knowledge, capabilities and convening power of our two organisations, we can jointly work to address policy and investment barriers and create an enabling environment for wind energy,” he added.
Renewable technologies, such as onshore and offshore wind and solar, as well as energy efficiency measures, can deliver more than 90% of the emission reductions needed, while providing net employment and economic gains in the process, said IRENA and GWEC.
The organisations said that rapid decarbonisation will require a variety of policy shifts and investments, including intensifying renewable energy commitments, resolving market and regulatory barriers, improving access to finance and expanding the pipeline of bankable projects.
The enhanced cooperation will focus on strengthening wind energy project facilitation in the Climate Investment Platform, as well as engaging the wind industry in industry-government dialogues, investment forums and other areas for knowledge exchange.
It will explore open-source agreements and project templates for wind projects in emerging markets in order to mitigate legal risks and barriers.
The parties have also agreed to work collaboratively to minimise regulatory, legal and administrative barriers to investment in wind and renewable energy, and enhance international dialogues and actions on increasing the share of renewable energy in the global energy mix.
Backwell said: “There is no question that we must urgently take action to reduce carbon emissions and act collectively to slow the impacts of climate change; accelerating the development of renewable energy is one of the most effective ways to achieve these objectives.
“Wind energy, as a scalable, clean and affordable technology, will be critical to supporting countries, companies and other parties on the road to net-zero and a green recovery.”